FengHe Fund Management Pte. Ltd. Invests $3.40 Million in JD.com, Inc. $JD

FengHe Fund Management Pte. Ltd. purchased a new position in JD.com, Inc. (NASDAQ:JD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 104,000 shares of the information services provider’s stock, valued at approximately $3,395,000. JD.com comprises about 0.6% of FengHe Fund Management Pte. Ltd.’s portfolio, making the stock its 20th largest position.

A number of other large investors have also added to or reduced their stakes in JD. Exchange Traded Concepts LLC grew its position in shares of JD.com by 42.6% in the 2nd quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider’s stock worth $3,780,000 after buying an additional 34,585 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of JD.com by 33.1% during the 1st quarter. Cerity Partners LLC now owns 26,565 shares of the information services provider’s stock valued at $1,092,000 after purchasing an additional 6,611 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of JD.com by 4.5% during the 1st quarter. Royal Bank of Canada now owns 346,344 shares of the information services provider’s stock valued at $14,241,000 after purchasing an additional 15,000 shares in the last quarter. Range Financial Group LLC boosted its stake in shares of JD.com by 38.0% during the 2nd quarter. Range Financial Group LLC now owns 46,923 shares of the information services provider’s stock valued at $1,532,000 after purchasing an additional 12,920 shares in the last quarter. Finally, Polunin Capital Partners Ltd boosted its stake in shares of JD.com by 1.8% during the 2nd quarter. Polunin Capital Partners Ltd now owns 2,037,856 shares of the information services provider’s stock valued at $66,638,000 after purchasing an additional 35,747 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Bank of America dropped their price target on JD.com from $44.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, July 14th. UBS Group lowered their price objective on JD.com from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, July 10th. Arete Research set a $41.00 target price on shares of JD.com in a research note on Friday, September 26th. Morgan Stanley lowered their target price on JD.com from $39.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, July 10th. Finally, Benchmark decreased their price target on shares of JD.com from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

JD.com Trading Up 3.4%

JD stock opened at $36.17 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. JD.com, Inc. has a twelve month low of $29.90 and a twelve month high of $47.82. The stock has a market capitalization of $51.81 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 3.95 and a beta of 0.39. The firm’s fifty day simple moving average is $32.65 and its two-hundred day simple moving average is $34.06.

About JD.com

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.